Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 3,781 shares, a drop of 67.8% from the October 15th total of 11,738 shares. Based on an average daily volume of 78,544 shares, the days-to-cover ratio is currently 0.0 days.
Rigetti Computing Trading Down 20.4%
RGTIW stock traded down $0.40 during midday trading on Friday, reaching $1.54. 118,388 shares of the company were exchanged, compared to its average volume of 122,754. The business has a 50-day moving average price of $4.54 and a two-hundred day moving average price of $7.06. Rigetti Computing has a one year low of $1.25 and a one year high of $18.74.
About Rigetti Computing
Rigetti Computing, Inc. develops quantum computers and related software for commercial, research and government applications. The company uses superconducting qubits and combines quantum processors with classical computing systems to support hybrid computing workflows. Its offerings include quantum processing units, on-premises quantum systems and access to quantum computers through its cloud platform, which lets users develop and run quantum applications. Rigetti also provides software and services for programming and operating its systems.
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